Knowledge Capital Is Nonrival in the Sense That

question 42

Multiple Choice

Knowledge capital is nonrival in the sense that

• A)two people can use the same knowledge to develop and produce a product.
• B)firms do not compete to be the first to develop new technologies.
• C)no single company can be excluded from the benefits of new technologies.
• D)firms can benefit from the research and development of rival firms without paying for that benefit.

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Definitions:

Venture Capitalism

The practice of investing in startups and small businesses with long-term growth potential in exchange for equity.

Finance

Planning, obtaining, and managing a company’s funds to accomplish its objectives as effectively and efficiently as possible.

Knowledge Management

The process of creating, sharing, using, and managing the knowledge and information of an organization.